Comment for Proposed Rule 75 FR 3281
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From:
Dilesh Patel
Organization(s):
Comment No:
1293
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01293
From:
Sent:
To:
Subject:
Dilesh Patel
Wednesday, January 20, 2010 10:19 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
This e-mail is in concern to the CFTC proposed legislation to reducing the leverage on retail forex to 10 to 1. I
believe this would be very negative for the retail investor as it would limit the trade opportunities they can take in the
forex environment. Currently leverage restrictions and hedging were eliminated and now reducing leverage to 10 to
1 would be a big blow to retail forex in the US. I would not do business with a broker offering such leverage and
would most likely take my business overseas. Retail forex offers the best money making opportunity in the financial
markets, better than stocks and futures because of the leverage offered. Please do not make the mistake of passing
such regulation.
Dilesh Patel
